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Money
Currency: East Caribbean Dollar (EC$) = 100 cents. Notes are in denominations of EC$100, 50, 20, 10 and 5. Coins are in denominations of EC$1, and 25, 10, 5, 2 and 1 cents. US Dollars are also accepted.
Note: The East Caribbean Dollar is tied to the US Dollar.
Currency exchange: There are three banks on Montserrat.
Credit & debit cards: Major credit and debit cards are accepted.
Travellers cheques: Widely accepted. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars.
Currency restrictions: There are no restrictions on the import of local or foreign currency if declared. Export of local and foreign currency is limited to the amount imported and declared.
Exchange rate indicators
The following figures are included as a guide to the movements of the East Caribbean Dollar against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 3.93 | 4.11 | 4.27 | 4.29 | | $1.00= | 2.70 | 2.70 | 2.70 | 2.70 |
Banking hours: Mon-Thurs 0800-1500, Fri 0800-1500, depending on the bank.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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